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Calculate the price elasticity of demand from point B to point C. Classify the elasticity for point B to point C as elastic, inelastic, or

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  1. Calculate the price elasticity of demand from point B to point C.
  2. Classify the elasticity for point B to point C as elastic, inelastic, or unitary.
  3. Provide an explanation for the elasticity for point B to point C.

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Table 1: Demand for athletic shoes Points Price Quantity A $10 1,200 $20 2,000 $30 3,500 $40 1,800 $50 1,700 L - I A n MOOD $60 1,500 $70 2,200 $80 1,600 $90 1,300 $100 1,900 Table 2: Supply for sunglasses Points Price Quantity K $4 1,000 $8 1, 100 $16 1,400 $32 1,600 DOUZ3 $64 3,200 $128 1,000 $256 1,400

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